Why is Trent falling/rising?

As of 24-Jul, Trent Ltd. is experiencing a decline in its stock price, currently at Rs 5,153.20, which represents a decrease of Rs 207.8 or 3.88%. Today's performance indicates that the stock has underperformed its sector by 3.43%, with an intraday low of Rs 5,141.95, reflecting a drop of 4.09%. Over the past week, the stock has decreased by 4.88%, and it has shown a significant year-to-date decline of 27.58%. Despite a high management efficiency indicated by a return on equity of 15.22% and strong long-term growth in net sales and operating profit, the recent flat results for March 25, including a 21.2% drop in profit before tax and a 14.4% decrease in profit after tax compared to previous quarters, have negatively impacted investor sentiment.
In the broader market context, while the Sensex has remained relatively stable with a slight decline of 0.09% over the past week, Trent's performance has been notably worse. The stock's trading below all key moving averages suggests a bearish trend, and although there has been a rise in delivery volume, indicating increased investor participation, the overall sentiment remains cautious due to the company's expensive valuation metrics and a PEG ratio of 2.4. This combination of underperformance relative to the benchmark and disappointing financial results has contributed to the stock's downward movement.